NOT LISTED FOR SALE

4501 Arboretum Pkwy Unit Pcl 7 Kalamazoo, MI 49006

Arcadia Neighborhood
13 Acres
-- Price per Acre
556,697 Sq Ft Lot

Last Sold June 27, 2017

Last sale price $894,600

1,173 Days on Market

About This Lot

As of June 2017

OFFICE/RETAIL DEVELOPMENT OPPORTUNITY - Join Mercantile Bank, Gilden Woods Early Care & Preschool and a planned ''high-end'' apartment complex on Kalamazoo's west side. Fronting Drake Road and/or Arboretum Parkway, parcels range from 1 - 3 acres. Site is located at lighted intersection - just south of W. Main retail corridor and west of the WMU campus - adjacent to Linden Grove Middle School and Walden Woods condominiums.

Last Agent to Sell the Property

Jodi Milks

NAI Wisinski of West Michigan License #6502339107 Listed on: 05/17/2013

NAI Wisinski of West Michigan

Last Buyer's Agent

Jodi Milks

NAI Wisinski of West Michigan License #6502339107 Listed on: 05/17/2013

NAI Wisinski of West Michigan

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $393,877

Lot Details

  • 12.78 Acre Lot
  • Finished Lot(s)

Property Details

Property Type

Land

Est. Annual Taxes

$393,877

Lot Details

0

Listing Details

  • Property Sub-Type: Commercial Land
  • Property Type: Land
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • List Price: 1200000.0
  • Lot Features: Buildable
  • Road Surface Type: Paved
  • Topography: {"Level":true}

Lot Info

  • Lot Size Acres: 12.78
  • Lot Size Area: 12.78
  • Lot Size Sq Ft: 556696.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2019
Sold by
Parkway Flats Llc
Bought by
Parkway Flats Owner Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,500,000
Outstanding Balance
$13,073,813
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Listed on
May 17, 2013
Closed on
Jun 28, 2017
Sold by
Western Michigan University Foundation
Bought by
Parkway Flats Llc
Seller's Agent
Jodi Milks
NAI Wisinski of West Michigan
Buyer's Agent
Jodi Milks
NAI Wisinski of West Michigan
List Price
$1,200,000
Sold Price
$894,600
Premium/Discount to List
-$305,400
-25.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,100,000
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Parkway Flats Owner Llc -- First American Title
Parkway Flats Llc -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parkway Flats Owner Llc $25,500,000
Previous Owner Parkway Flats Llc $21,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2017 06/27/17 Sold $894,600 -25.5% --
08/02/2016 08/02/16 Pending -- -- --
05/17/2013 05/17/13 For Sale $1,200,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $393,877 $13,985,600 $0 $0
2023 $375,384 $13,985,600 $0 $0
2022 $862,031 $13,985,600 $0 $0
2021 $833,749 $12,637,400 $0 $0
2020 $342,832 $5,054,900 $0 $0
2019 $251,734 $3,729,100 $0 $0
2018 $47,507 $703,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jodi Milks

    Seller's Agent in 2017

    Jodi Milks

    NAI Wisinski of West Michigan

    (269) 459-0431

    2 in this area

    63 Total Sales

    Jodi Milks
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13028105

Southwestern Michigan Association of REALTORS®

APN: 06-19-118-002

Michigan Kalamazoo County Kalamazoo 49006 Arcadia

4501 Arboretum Pkwy Unit Pcl 7, Kalamazoo, MI

This home is located at 4501 Arboretum Pkwy Unit Pcl 7, Kalamazoo, MI 49006 since 17 May 2013. 4501 Arboretum Pkwy Unit Pcl 7 is a home located in Kalamazoo County with nearby schools including Arcadia Elementary School, Linden Grove Middle School, and Kalamazoo Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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